Toast, Inc. (NYSE:TOST) Shares Acquired by Makena Capital Management LLC

Makena Capital Management LLC increased its position in Toast, Inc. (NYSE:TOST) by 7.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,392 shares of the company’s stock after buying an additional 19,371 shares during the period. Makena Capital Management LLC owned about 0.06% of Toast worth $7,768,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TOST. Whale Rock Capital Management LLC acquired a new position in Toast in the 1st quarter valued at $179,111,000. Assenagon Asset Management S.A. boosted its stake in Toast by 2,889.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock worth $108,427,000 after buying an additional 3,701,893 shares during the last quarter. Capital International Investors grew its holdings in Toast by 12.2% in the first quarter. Capital International Investors now owns 32,924,082 shares of the company’s stock valued at $820,468,000 after purchasing an additional 3,574,397 shares during the period. Price T Rowe Associates Inc. MD increased its position in Toast by 21.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company’s stock worth $486,557,000 after purchasing an additional 3,445,788 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Toast by 175.8% during the second quarter. Marshall Wace LLP now owns 2,517,288 shares of the company’s stock worth $64,871,000 after purchasing an additional 1,604,716 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Trading Down 0.0 %

NYSE TOST opened at $42.49 on Thursday. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $42.85. The company’s fifty day moving average price is $30.45 and its two-hundred day moving average price is $26.83.

Insider Transactions at Toast

In other Toast news, CFO Elena Gomez sold 12,500 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $28.41, for a total transaction of $355,125.00. Following the sale, the chief financial officer now directly owns 207,518 shares of the company’s stock, valued at approximately $5,895,586.38. This represents a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Stephen Fredette sold 211,686 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total transaction of $4,989,439.02. Following the completion of the transaction, the president now owns 2,638,023 shares in the company, valued at approximately $62,178,202.11. The trade was a 7.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,475,651 shares of company stock valued at $43,037,212. Insiders own 13.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TOST shares. Morgan Stanley upped their price objective on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. DA Davidson raised their price objective on Toast from $35.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Piper Sandler boosted their target price on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Wedbush increased their target price on shares of Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Robert W. Baird upped their price target on shares of Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Toast presently has a consensus rating of “Hold” and an average price target of $33.86.

Toast Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.